AUD/JPY – 30M – SELL

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline downwards

A bearish trend downwards to the next support at 108.369 will persist.

Caution: A possible change in the direction of the resistance level at 109.761 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

109.761 – 109.2 – 108.675 – 108.369 – 107.842 – 107.849 —
109.04800 – 109.39900 —
35.548208014601 – 53.951030922759 —
– —
109.761 – 1771493400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – – – – – – – – –